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Compliance Updates

Casino Cosmopol Receives New Five-year Licence

Published

4 years ago

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Casino Cosmopol Receives New Five-year Licence
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Swedish regulator Spelinspektionen has awarded a new five-year licence to Svenska Spel’s land-based casino subsidiary Casino Cosmopol.

The licence renewal, effective from this year, comes despite the fact that Casino Cosmopol has been un-operational for more than a year owing to the closure of its casinos due to the Covid-19 pandemic.

Svenska-Spel, Sweden’s state-owned former gaming monopoly, which still has a monopoly over land-based casinos, closed all four of its Casino Cosmopol venues in March 2020.

At the time, the brand had casinos in Stockholm, Gothenburg, Malmö and Sundsvall. Svenska Spel has since decided to close the Sundsvall casino permanently. The venue had been billed as Sweden’s first international casino when it opened in 2001.

As a result of the closure of venues, Spelinspektionen did not inspect the Casino Cosmopol as part of the licence renewal process.

The Swedish press has also reported that the gaming regulator did not examine whether Casino Cosmopol had correctly amended its money-laundering controls following a fine issued in 2018.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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